World News

India's Brics payment pitch falls short of leaders' declaration

BRICS leaders stopped short of endorsing concrete steps on payment-system interoperability and local-currency trade, leaving India's long-running push without a firm action plan

Trump says US could stay in Iran and keep oil, like Venezuela deal

US President Donald Trump said Washington could remain engaged in Iran and keep its oil, drawing a parallel with the US deal in Venezuela, while predicting the war would end this year

Iran set to unveil temporary Hormuz shipping lane pact to Gulf nations

Iran is set to present Gulf nations with an agreement reached with Oman for a temporary shipping lane through the Strait of Hormuz, though access will remain restricted

Gulf tankers run out of options as key oil export routes pinch shut

Houthi gains in the Red Sea and continued constraints in the Strait of Hormuz are leaving Gulf oil exporters with fewer routes, threatening energy supplies and raising shipping risks

Doomsday conversations snowball at AI firms as workers urge caution

Anthropic researcher Jacob Coxon's resignation has amplified concerns across leading AI labs, with some workers urging executives to slow development until stronger safeguards are in place

All eyes on Warsh as rate-hike fever spreads across G7 central banks

3 decisions, starting with the Federal Reserve on Wednesday and followed on successive days by peers in the UK and Japan, may recast the global monetary policy landscape for rest of 2026 and beyond

South Korea tests global investor appetite with longer trading hours

Korea Exchange will extend trading in nearly all local stocks until 8 pm, seeking to boost foreign participation

Nepal estimates $4.7 bn recovery and reconstruction need after flash floods

Nepal flood recovery needs estimated at $4.7 billion after massive damage

Statsguru: Tighter visa regulations weigh on overseas education travel

Tighter US visa rules and fewer Indians studying abroad pushed education-related foreign travel spending down in FY26, even as business travel boosted overall forex outflows

Brics Declaration affirms telcos' view on connectivity as core infra: COAI

COAI says the New Delhi Declaration's focus on telecom infrastructure and interoperable ICT security standards reflects approaches already adopted by Indian operators

Xi calls on Brics to safeguard supply chains, deepen Global South ties

The Chinese president also called for reform of the international financial architecture to increase the representation of developing countries

130 missing after Indonesian passenger ship overturns, search underway

At least 107 people were rescued and the bodies of six passengers were recovered as the search operation expanded in waters around the vessel's last known position

Anthropic's AI warning may weigh on chip stocks, but trade seen intact

Calls by AI leaders to slow advanced model development could pressure chip and tech stocks initially, but strong demand for computing infrastructure may limit the impact

Brics summit joint statement takes aim at US war, tariffs and sanctions

Brics leaders issued a joint statement expressing concern over the West Asia conflict while criticising unilateralism, tariffs and sanctions, without naming the US

'Nepal disaster highlights need for multi-hazard assessment of Himalayas'

GSI official warned that avalanches, landslides and river blockages can combine to trigger flash floods, calling for integrated satellite monitoring and ground-based assessment

German companies lift China investment as US outlays fall, shows IW study

German firms invested €5.6 billion ($6.50 ​billion) more in China ​than in the same period of the ​previous year, based on IW's analysis of Bundesbank data

Iranian commercial vessel hit near Strait of Hormuz, 1 killed, 3 injured

An Iranian commercial vessel was struck near Qeshm Island in the Strait of Hormuz, killing one person and injuring three others, according to state media

Russia imports record fuel from India as Ukraine strikes hit refineries

India supplied 70 per cent of Russia's oil product imports in August, including 120,000 tonnes of gasoline worth 78 million euros, CREA said in its monthly analysis

Larry Ellison cancels plan to sell Oracle stock worth up to $7.5 billion

Oracle co-founder Larry Ellison cancelled a plan to sell up to 50 million shares worth about $7.5 billion, saying no shares were sold under the plan

Tesla to unveil long-delayed next-gen Roadster on October 1: Elon Musk

The unveiling event ‌could include a demonstration of a limited-edition version equipped with ​cold-gas thrusters developed in collaboration with SpaceX